Why Lumber Liquidators Stock Just Dropped 10%

Lumber Liquidators (NYSE: LL) stock is falling through the floor, down 10% as of 1:45 p.m. EDT after the floor coverings retailer reported a small sales miss but still met guidance for its fiscal Q2 2019 earnings report this morning.

Expected to earn $0.07 (pro forma) per share on sales of $291.5 million in its fiscal second quarter, Lumber Liquidators met the consensus earnings number but reported only $289 million in sales.

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